Beijing Income Before Tax vs Operating Income Analysis

002878 Stock   16.12  1.47  10.03%   
Beijing Yuanlong financial indicator trend analysis is way more than just evaluating Beijing Yuanlong Yato prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Yuanlong Yato is a good investment. Please check the relationship between Beijing Yuanlong Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Yuanlong Yato. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Yuanlong Yato Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between Beijing Yuanlong's Income Before Tax and Operating Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Beijing Yuanlong Yato, assuming nothing else is changed. The correlation between historical values of Beijing Yuanlong's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Beijing Yuanlong Yato are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Beijing Yuanlong's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Beijing Yuanlong income statement and is an important metric when analyzing Beijing Yuanlong Yato profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Beijing Yuanlong Yato operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Beijing Yuanlong Yato is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Beijing Yuanlong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Yuanlong Yato current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Yuanlong Yato. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about (5 M). In addition to that, Selling General Administrative is expected to decline to about 154.5 M
 2021 2022 2023 2024 (projected)
Gross Profit497.8M656.6M416.1M411.2M
Total Revenue2.3B3.3B2.7B2.0B

Beijing Yuanlong fundamental ratios Correlations

0.930.740.990.990.440.45-0.890.80.80.960.950.70.970.840.960.690.880.991.00.930.750.840.070.850.71
0.930.650.950.90.570.27-0.790.620.670.960.820.560.950.680.980.640.840.950.941.00.530.72-0.210.680.84
0.740.650.690.770.35-0.13-0.710.560.420.720.760.450.720.60.650.490.750.690.730.640.650.570.10.560.52
0.990.950.690.960.480.47-0.830.780.830.940.940.650.950.840.990.610.841.00.980.950.720.840.020.810.74
0.990.90.770.960.40.41-0.930.790.750.970.940.730.970.810.940.750.910.960.990.90.740.820.080.850.69
0.440.570.350.480.4-0.08-0.230.450.420.430.36-0.210.410.470.540.190.250.490.440.550.150.48-0.680.430.84
0.450.27-0.130.470.41-0.08-0.30.630.690.290.50.490.310.60.410.170.160.460.430.270.540.570.440.620.03
-0.89-0.79-0.71-0.83-0.93-0.23-0.3-0.62-0.58-0.93-0.78-0.75-0.94-0.63-0.79-0.9-0.96-0.82-0.91-0.79-0.59-0.67-0.06-0.75-0.6
0.80.620.560.780.790.450.63-0.620.870.640.880.510.650.970.730.360.490.790.780.610.880.960.280.950.45
0.80.670.420.830.750.420.69-0.580.870.650.850.510.670.940.780.30.510.830.780.670.810.890.210.860.49
0.960.960.720.940.970.430.29-0.930.640.650.850.681.00.690.940.80.950.940.970.960.580.72-0.090.740.78
0.950.820.760.940.940.360.5-0.780.880.850.850.680.860.910.90.490.750.950.930.820.890.890.280.860.55
0.70.560.450.650.73-0.210.49-0.750.510.510.680.680.710.530.610.630.740.650.70.570.620.510.510.610.12
0.970.950.720.950.970.410.31-0.940.650.671.00.860.710.70.950.80.950.950.980.950.60.73-0.060.750.75
0.840.680.60.840.810.470.6-0.630.970.940.690.910.530.70.790.350.550.850.820.670.910.970.260.940.49
0.960.980.650.990.940.540.41-0.790.730.780.940.90.610.950.790.60.820.990.970.980.650.81-0.070.770.79
0.690.640.490.610.750.190.17-0.90.360.30.80.490.630.80.350.60.880.610.730.640.250.39-0.160.550.57
0.880.840.750.840.910.250.16-0.960.490.510.950.750.740.950.550.820.880.830.90.850.510.57-0.020.630.65
0.990.950.691.00.960.490.46-0.820.790.830.940.950.650.950.850.990.610.830.980.950.720.840.020.820.74
1.00.940.730.980.990.440.43-0.910.780.780.970.930.70.980.820.970.730.90.980.930.710.830.030.840.73
0.931.00.640.950.90.550.27-0.790.610.670.960.820.570.950.670.980.640.850.950.930.520.71-0.20.670.83
0.750.530.650.720.740.150.54-0.590.880.810.580.890.620.60.910.650.250.510.720.710.520.870.580.830.21
0.840.720.570.840.820.480.57-0.670.960.890.720.890.510.730.970.810.390.570.840.830.710.870.220.950.51
0.07-0.210.10.020.08-0.680.44-0.060.280.21-0.090.280.51-0.060.26-0.07-0.16-0.020.020.03-0.20.580.220.22-0.64
0.850.680.560.810.850.430.62-0.750.950.860.740.860.610.750.940.770.550.630.820.840.670.830.950.220.49
0.710.840.520.740.690.840.03-0.60.450.490.780.550.120.750.490.790.570.650.740.730.830.210.51-0.640.49
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Beijing Yuanlong Account Relationship Matchups

Beijing Yuanlong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.5B1.8B1.8B2.7B2.8B
Short Long Term Debt Total155.2M201.8M281.4M327.9M555.5M583.2M
Other Current Liab27.9M5.7M4.8M163.1M151.6M159.2M
Total Current Liabilities583.3M591.0M813.9M735.7M1.1B1.1B
Total Stockholder Equity697.5M830.2M876.6M1.0B1.6B1.6B
Property Plant And Equipment Net9.2M13.1M45.5M58.6M43.9M29.4M
Current Deferred Revenue148.0M177.6M187.8M43.7M61.7M86.8M
Net Debt(126.6M)(174.3M)(152.5M)(135.6M)(471.4M)(447.8M)
Retained Earnings258.3M358.1M386.5M450.8M360.6M216.2M
Accounts Payable252.1M205.9M355.2M222.1M304.8M190.1M
Cash281.8M376.0M433.9M463.5M1.0B1.1B
Non Current Assets Total233.6M234.8M267.4M300.4M336.9M353.8M
Non Currrent Assets Other65.6M37.2M2.6M6.7M49.9M52.4M
Cash And Short Term Investments328.4M396.0M433.9M463.5M1.0B1.1B
Net Receivables616.5M645.6M850.9M834.0M861.1M518.1M
Liabilities And Stockholders Equity1.3B1.5B1.8B1.8B2.7B2.8B
Inventory118.7M128.9M176.9M172.9M252.6M265.2M
Other Current Assets27.2M49.7M34.3M24.8M173.1M181.8M
Other Stockholder Equity268.9M187.9M195.9M238.3M831.4M873.0M
Total Liab585.2M592.6M830.6M758.9M1.1B1.1B
Total Current Assets1.1B1.2B1.5B1.5B2.3B2.4B
Short Term Debt155.2M201.8M266.0M306.8M545.4M572.6M
Intangible Assets15.3M15.2M13.1M15.4M16.6M9.6M
Other Assets22.9M22.4M19.7M1.01.151.09
Net Tangible Assets417.6M511.5M644.3M692.9M796.8M505.3M
Property Plant Equipment7.4M9.2M13.1M45.5M52.3M54.9M
Other Liab4.9M1.9M1.6M1.4M1.2M1.9M
Non Current Liabilities Total1.9M1.6M16.8M23.2M11.3M8.8M
Short Long Term Debt155.2M201.8M251.0M284.1M529.8M556.3M
Net Invested Capital852.7M1.0B1.1B1.3B2.1B1.2B
Net Working Capital507.5M629.2M682.2M759.4M1.3B747.4M
Short Term Investments46.7M20M18.0M(18.9M)(17.0M)(16.1M)

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Other Information on Investing in Beijing Stock

Balance Sheet is a snapshot of the financial position of Beijing Yuanlong Yato at a specified time, usually calculated after every quarter, six months, or one year. Beijing Yuanlong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Yuanlong and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Beijing currently owns. An asset can also be divided into two categories, current and non-current.